All Forum Posts by: Willy Waldron

hey Lorenzo welcome to the BP community. You have come to the right place to learn and network. Good luck with everything out in NC. See you in the forums. 

@Aksel A. as you already know, we are in the same boat on this one. So a Big Thank You goes out to you for posting all of you concerns on here for everyone to share, comment on, and benefit from. Thank you to everyone that has put in their two cents. This has helped me restructure my plan of action.

All the best,

@Joshua Barker Welcome to BP!

I highly recommend taking some time to view this video on all the ways BiggerPockets can help you become a rockstar in the real estate space! This will give you a more in-depth understanding of how to navigate the BP website.

Click here: https://www.youtube.com/watch?v=26tnbcg2mN0

If you have any questions or need anything at all, don’t hesitate to PM me.

Best of luck to you,

Willy

@Kathryn Bogart Welcome to BP!

I highly recommend taking some time to view this video on all the ways BiggerPockets can help you become a rockstar in the real estate space! This will give you a more in depth understanding on how to navigate the BP website.

Click here: https://www.youtube.com/watch?v=26tnbcg2mN0

If you have any questions or need anything at all, don’t hesitate to PM me.

Best of luck to you,

Willy

@Mark Manglicmot Welcome to the BP family! You came to the right place to learn all about real estate investing! I highly recommend taking some time to view this video on all the ways BiggerPockets can help you become a rockstar in the real estate space!

Click here: https://www.youtube.com/watch?v=26tnbcg2mN0

If you have any questions or need anything at all, don’t hesitate to PM me.

Best of luck to you,

Willy

@Stephanie Medellin I feel I didn't really addressed your suggestion in my previous response. Here is a more direct answer:

- Interested in small multifamily, buy and hold,

- Put 10-20% down

- 75% or better on owner occupied

- No income verification investor

Thank you again.

@Stephanie Medellin thank you for pointing that out and for replying to my post.

Some highlights I’m looking for in a lender:

-Will finance SFR (1-4) unit properties and small multifamily

-No maximum on the amount of properties I can own

-10% down for 3 and 4 families, and maybe 5% down for SFH and duplexes

-No PMI

- No red tape

-Low closing costs ($9.8k for our $430k)

-Competitive Interest Rates (3.25% - 3.49% on a 30 year)

-They will consider stated income, and/or rental income as income

Best,

Willy

@Darina Pogodina Thank you so much, I'll check them out and keep you posted. Have you done any business with them? and if so, how was your experience? Thanks again.

Hello BP!

I’m looking for a good portfolio lender in Massachusetts, New Jersey, or New York. Please offer your advice, well greatly be appreciated.

Well said, @Anish Tolia . You made a great point. And to piggyback off of what you've said, I think people should really see and treat money for what it really is: a tool, and your personal employee, not the other way around. By this, I'm not implying not to work hard and save, but to do so for a real purpose coupled with an end-goal in mind. For instance, to invest some of your hard-earned money on key investments that will enable you to become financially independent, which will allow you to enjoy life to the fullest in the NOW.

@Julie Marquez I just recently read "The Richest Man In Babylon" and it doesn't necessarily talk about the issues you're having, I'm sure there's better books on the matter, but it gives you a deep understanding of the roots of money and the ways our ancestors made it work for them. Today not much has changed; we're still making the same investments in different assets, with the same systems in place. This read might help you see money in a different light.

Just my thoughts.